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If, under a fixed exchange rate system, the dollar price of Mexican pesos is below its equilibrium ...

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If, under a fixed exchange rate system, the dollar price of Mexican pesos is below its equilibrium ...

If, under a fixed exchange rate system, the dollar price of Mexican pesos is below its equilibrium level, then the

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dollar is undervalued.

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peso is undervalued.

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dollar has depreciated.

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peso has appreciated.

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a and c

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Economics

Edition: 12^th

Author: Arnold

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